Why do we need an appraisal?

Appraisal of property/real estate is needed:

  • To learn the actual value of a property, as individual inquiries from different media are not producing an accurate value. Your property could be worth more or less than the figures from previous inquiries;
  • To learn the value in case of sale;
  • To manage dividing or inheritance affairs;
  • For mortgage as a loan insurance;
  • For tax matters;
  • For yearly statement of fair market value of enterprise assets, as assigned by accounting standards.


Check the meaning of the most used words in appraising profession. Appraising dictionary